No Balloon Loans. No Mortgage Loan is a balloon loan.
Balloon Loan Any Mortgage Loan which, by its terms, does not fully amortize the principal balance thereof by its stated maturity and thus requires a payment at the stated maturity larger than the monthly payments due thereunder.
Balloon means a non-power-driven lighter-than-air aircraft;
Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.
Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.
Balloon Payments means with respect to any loan constituting Indebtedness, any required principal payment of such loan which is payable at the maturity of such Indebtedness, provided, however, that the final payment of a fully amortized loan shall not constitute a Balloon Payment.
Refinanced Loans has the meaning specified in Section 10.01.
Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.
Balloon Payment shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.
Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).
Delinquent Loans means loans where the borrowers have failed to make scheduled mortgage payments under the terms of the mortgage and where the cumulative amount of mortgage payments missed exceeds the scheduled payments due in a three-month period.
Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.
Existing Loans shall have the meaning assigned to such term in Section 2.21(a).
Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.
Eligible Loans has the meaning specified in any of the Purchase Agreements or the Sale Agreement, as applicable.
Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).
Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.
First Lien Loans means the loans made under the First Lien Credit Agreement.
Permitted Loans means:
Term Loans as defined in Section 2.1.
Mandatory Prepayment Date as defined in Section 2.12(e).
Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.
Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.
Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date
Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.